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Posted February 03, 2014 by

Hot Job Sectors Are Technology, Pharmaceutical, Health Care, Aerospace, Defense, Financial Services

John Challenger of Challenger, Gray & Christmas

John Challenger of Challenger, Gray & Christmas

After climbing to a three-year high in 2012, planned job cuts announced by firms in the technology sector declined by 32 percent in 2013 as employers focused on hiring in several growing areas, including big data, cloud computing and security, according to a semi-annual report on tech layoffs released Monday by global outplacement firm Challenger, Gray & Christmas, Inc.

United States-based employers in the computer, electronics and telecommunications industries announced 56,918 planned layoffs in 2013, representing 11.2 percent of the 509,051 job cuts recorded during the year.  That was down from a 2012 total of 83,213, which was 15.7 percent of the 523,362 job cuts announced that year.

The heaviest job cutting occurred in the computer industry, where 35,136 workers were cut from payrolls.  That was 24 percent fewer than the 46,164 computer-industry job cuts in 2012.  Annual job cuts among electronics saw the biggest decline, plunging 42 percent from 14,191 in 2012 to 8,830 last year. (more…)